Bitcoin Cash BCH/USD is trading at 809. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the 780 level is expected to be tested near the level of 780, from which it is expected to attempt a rebound and continue the growth of the BCH/USD cryptocurrency with a target above the level of 895.
Bitcoin Cash forecast & analysis BCH/USD July 24, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area, as well as the test of the lower boundary of the channel. Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 805.
The cancellation of the growth of BCH/USD quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Indicator Cloud and the closing below the level of 750, which indicates a change in the flat trend in favor of the bearish trend and the continued fall of the cryptocurrency. Expect the acceleration of the growth of quotations BCH/USD stands with the breakdown of the resistance area and the closing above the level of 835.
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